Statistics from over 90% of the market show price of property coming to market falls by 1.2% (-£3,602), in line with the 1.2% average drop over the last six years at this seasonally subdued time of year
Larger homes taking longest time to sell and suffering largest drop in price, with first-time buyer and second-stepper type property doing the best
Number of days to sell increases the most in London and South East in the last two months, as summer slowdown follows on seamlessly from Brexit uncertainty, slowing down speed of sale more in London and its commuter belt
2016 on course to be a year of two halves:
Activity skewed to first half of year with buy-to-let surge boosting property transactions to 12% higher than 2015
With July buyer enquiries to agents 18% down on election-boosted 2015 though up 4% on 2014, the outcome of the second half of 2016 hangs on the strength of the traditional autumn market rebound